Vail Valley Tourism And Convention Bureau
- Assets
- $563.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Edwards, CO
- Founding
- 03/1982
- Data as of
- 12/2023
- EIN
- 84-0535997
Organization Overview
Vail Valley Tourism And Convention Bureau is located in Edwards, CO. The organization was established in 1982. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Vail Valley Tourism And Convention Bureau employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vail Valley Tourism And Convention Bureau is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Vail Valley Tourism And Convention Bureau generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR PROGRAMS ARE FOCUSED ON SERVICE TO BUSINESSES & MEMBERS, DESTINATION SALES & MARKETING, AND ECONOMIC VITALITY & ADVOCACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAIL VALLEY PARTNERSHIP IS DEDICATED TO ENSURING LOCAL BUSINESS SUCCESS AND FOSTERING REGIONAL ECONOMIC VITALITY BY OFFERING LOCAL BUSINESS TOOLS & RESOURCES, PROMOTING THE EAGLE RIVER VALLEY TO DESTINATION GUESTS, AND INITIATING ECONOMIC DEVELOPMENT EFFORTS. THE PARTNERSHIP'S EFFORTS IN THE COMMUNITY INCLUDE THREE DISTINCT YET CONNECTED ROLES: ECONOMIC GROWTH & ADVOCACY- WE WORK TO ENSURE THE VAIL VALLEY'S ECONOMIC HEALTH STAYS STRONG FOR YEARS TO COME. WE WORK TO HELP EXISTING VAIL VALLEY BUSINESSES THRIVE AND RECRUIT NEW BUSINESSES THAT HAVE THE POTENTIAL TO SUPPORT OUR LOCAL ECONOMY. OUR PRIMARY FOCUS AREAS INCLUDE BUSINESS RETENTION & WORKFORCE AND TALENT PIPELINE DEVELOPMENT. REGIONAL CHAMBER OF COMMERCE- WE WORK TO PROVIDE THE VALLEY'S BUSINESSES WITH NETWORKING, EDUCATIONAL, AND COLLABORATIVE PROGRAMMING OPPORTUNITIES WITH THE GOAL OF STRENGTHENING OUR LOCAL COMMUNITY. OUR PRIMARY FOCUS AREAS INCLUDE EDUCATIONAL PROGRAMMING, ADVOCACY, NETWORKING & CONNECTIONS, AND OTHER SMALL BUSINESS SUPPORT EFFORTS. TOURISM DEVELOPMENT- WE WORK TO PROMOTE THE ENTIRE VAIL VALLEY AS A YEAR-ROUND DESTINATION TO POTENTIAL IN-STATE, OUT-OF-STATE AND INTERNATIONAL VISITORS THROUGH VISITVAILVALLEY.COM. OUR PRIMARY FOCUS AREAS ARE TO ATTRACT GROUPS AND MEETINGS FROM ALL OVER THE COUNTRY TO THE VAIL VALLEY AND TO INFORM LEISURE GUESTS ON ATTRACTIONS THROUGHOUT THE EAGLE RIVER VALLEY. LEADING ECONOMIC RESILIENCY: IT IS INCREASINGLY APPARENT THAT REGIONAL ECONOMIC PROSPERITY IS LINKED TO AN AREA'S ABILITY TO PREVENT, WITHSTAND, AND QUICKLY RECOVER FROM MAJOR DISRUPTIONS (I.E., 'SHOCKS') TO ITS ECONOMIC BASE. VAIL VALLEY PARTNERSHIP SERVES AS A RESPONSIVE PARTICIPANT IN ECONOMIC RECOVERY EFFORTS BY SERVING AS AN INFORMATION HUB BY COLLECTING DATA AND CONVENING THE APPROPRIATE PLAYERS TO FACILITATE RECOVERY POST-DISRUPTION. WE HELP OUR GOVERNMENT & SPECIAL DISTRICTS AS A CONDUIT TO THE BUSINESS COMMUNITY, AND OUR BUSINESS COMMUNITY AS A VOICE TO GOVERNMENT OFFICIALS.
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Romer CEO | Officer | 40 | $185,969 |
Colter Barnett Board Member | Trustee | 1 | $0 |
Marc Brennan Board Member | Trustee | 1 | $0 |
Mike Brown Executive Co | OfficerTrustee | 1 | $0 |
Pedro Campos Board Member | Trustee | 1 | $0 |
Will Cook Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $437,228 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $329,791 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $771,617 |
| Total Program Service Revenue | $491,015 |
| Investment income | $240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,262,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $185,969 |
| Compensation of current officers, directors, key employees. | $46,492 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $658,579 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,565 |
| Payroll taxes | $66,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $10,339 |
| Office expenses | $21,631 |
| Information technology | $66,526 |
| Royalties | $0 |
| Occupancy | $78,736 |
| Travel | $27,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,367 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,901 |
| Insurance | $6,938 |
| All other expenses | $9,921 |
| Total functional expenses | $1,354,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,753 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,212 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,526 |
| Net Land, buildings, and equipment | $232,794 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,127 |
| Total assets | $563,412 |
| Accounts payable and accrued expenses | $57,083 |
| Grants payable | $0 |
| Deferred revenue | $198,224 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $188,100 |
| Total liabilities | $443,407 |
| Net assets without donor restrictions | $120,005 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $563,412 |